24.09.2019
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Results of the Board of Directors meeting on September 20, 2019

September 24, 2019. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in the form of joint presence on September 20, 2019.

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The Board of Directors approved the interim results of the fulfilment of the Company’s business plan for 2019 including actual results of 1H 2019 including the report on execution of investment program as well as the complex modernization program of the Company’s generating facilities.

RusHydro spent RUB 22.5 bn on its investment program. The investment program of Company’s subsidiaries — customers of construction projects amounted to RUB 8.9 bn. Financing of the complex modernization program came in at RUB 16.3 bn. In the first six months of the year, the Company has added 30.5 MW of electric capacity due to rerating of equipment in the result of the complex modernization program.

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The Board of Directors approved PJSC RusHydro adjusted business plan and adjusted investment program for 2019 as well as KPIs of the members of the Company’s Management Board and changes in methodology of calculation and assessment of KPIs.

The Board also approved PJSC RusHydro adjusted consolidated business plan including Rushydro Group’s adjusted consolidated investment program for 2019.

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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